GLS Bank (Germany)

The GLS Bank was the first social and ecological bank in Germany. It was created in 1974 and currently finances some 6,500 projects and companies.

The bank focuses on cultural, social and ecological projects trying to confront the challenges of our society by developing innovative solutions. The loans are offered to projects such as private schools and nursery schools, biological agriculture, institutions using therapeutic pedagogy, homes for the elderly, insertion projects, and community projects, as well as to sustainable companies. Transparency is one of the bank’s main objectives since it details all the initiatives financed and they are published in its bulletin “Bankspiegel” together with information on the bank’s activities.

The GLS bank offers its customers the usual range of financial products:

  • Current Accounts
  • Savings Accounts
  • Deposits
  • Investment Funds
  • Becoming a member of the bank

What makes GLS bank different is not only that it invests the money of its customers responsibly, but also that they can choose where they want their savings to be invested.

In addition to this, when a customer decides to reduce the payment of interests for his/her savings, the bank can then offer loans to projects with an interest rate that only covers the basic management costs.

 GLS Bank is based in Bochum and has branches in Stuttgart, Frankfurt, Freiburg, Hamburg, Berlin and Munich.

 

For further information visit www.gls.de